Economy, asked by rinamondal5457, 4 months ago

what is the meaning law of demand

Answers

Answered by Braɪnlyємρєяσя

Explanation:

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

Answered by Itzprincess29

Answer:

Definition: The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

Previous Question

Next Question

Similar questions

Math, 2 months ago

Vikas is travelling in an auto at a speed of 54 km/h. How far will he go in 45 min?

Science, 2 months ago

write difference between Aerobic and Anaerobic respiration ? how the lungs designed in human beings to maximise the area for exchange of gases ? in 4 marks...

Math, 2 months ago

PRACT een lege relation between radius, ameter and circunference of a circle. verzas me miestera lengas (11 m. 22 33 ) etc. thread and ruler Mease telenone the pieces of wire sing a ruler. Fezes feine for the remaining pieces of wire...

Hindi, 4 months ago

वाक्य बनाओ: परिचम- कहानी- गाति-...

Computer Science, 4 months ago